Page 10 - SC SCAR 2023 ENGLISH Flipbook

CHAIRMAN’S MESSAGE
CHAIRMAN’S MESSAGE
As the Chairman of the Securities Commission Malaysia (SC), I am pleased to present our 2023 Annual Report. As reflected in the front cover of this Annual Report, 2023 holds special significance as it marks the 30th anniversary of the SC, a major milestone that underscores the growing maturity and resilience of this institution.
To commemorate our three decades, we have published and launched Capital Market in Malaysia – Past, Present, and Future. This book, drawing insights from SC Chairmen from its inception to the present, and senior SC staff as well as key stakeholders, charts the evolution of Malaysia’s capital market. It highlights past challenges and how these were overcome, and projects future trends in the capital market. The book also encapsulates our dedication to fostering a resilient and progressive capital market.
MARKET RESILIENCE DESPITE HEADWINDS
In 2023, despite global economic challenges and divergent monetary policies, the Malaysian economy remained resilient, supporting economic activity and intermediating savings.
The capital market grew by 5.6% to RM3.8 trillion in 2023 from 2022, driven largely by a vibrant bond market. The fund management industry also contributed to the resilience of the Malaysian capital market, with total assets under management (AUM) hitting a new high of RM975.5 billion, up sharply from RM906.5 billion in 2022 and even higher than RM951.1 billion recorded in 2021. However, just as with most markets in the region, the equities market did not perform as well in 2023 due to global headwinds. The FTSE Bursa Malaysia KLCI (FBMKLCI) declined by 2.73% during the year. Nonetheless, positive developments in our stock market in the first two months of 2024 have been most encouraging.
2023 heralds the SC’s 30th anniversary, reflecting our maturity and resilience. With
this, we remain committed to ensuring the continued vitality
of the capital market, enhancing its efficiency, competitiveness, and accessibility
for all.
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SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023